Storyboard
An Overview of Opendoor's Financial Woes & Pending Class Action Lawsuit
Much can be learned from Opendoor, the leading iBuyer real estate proptech firm, and its recent financial crisis. Given that Zillow exited the iBuyer market last year in November 2021, all eyes will be on Opendoor to see how they adapt during a soft real estate market. Keep in mind that Opendoor struggled financially, even during a historically booming real estate market.